HomeMy WebLinkAbout0118 , 3. To plata r.~d Ccntinu0~sly ~.i~p on tha b~'1d~r.~s no,v or hereafle~ u~u~te on s~id land ar.d ~n a!I e:~~~iy,inent ar.d pr~)onally covcred by thii mwrg•
•gG, wi~h all p~em~oms ~hereon ;~a~~+ tr. ful!, fro ~~~svrance in ih~ ufval a~anJ:+rd poliCy lorm, in a su~:~ arpruvcd Ly Iha IhORIGAGE[. anJ w~nds~or~ii
insura~cr in tire usual fiandard F~ot.ty form, ~n a svm approved by ~hc 110RTGAGEE, in scch tomp,ny r~ companies as tl~a h?ClRiG::GFE may
diret~; •nd ali (ire a„c~ w~cJst~rm in:urance pol;,~es on cny o', sa3d t~uiid~ngs, any (nterasl there:n o~ pd~) therE!J~, in tl.e ay~regaic wm a'c~esald or
in exces~ ~~ereof, sl~ill coma:n ~ha vawl sta:~~ard mo~i~agea ctaus~ o~ such o~her elausa as 9hr hlor~flageo may requ,re, malin9 th~ ~cu u~id~~ sa~d poli•
ciet, rach and evrry, peyab!e se~d ~Y.ORTGAGEE rs its in~rrest may appear, and each and e~'ery wch poifcy shatl br promptty ass 9~~ed a~~d defivercd ta
~ ~ny he9~ by sa~d A1n~IGAGEE as (ur~hc•r secv~ity ~o said rno~tgaga debt, and, no~ less then ten (10; days in adva~~ce u( ih~ expiret~on o~ eath po!~c;, to de• ?
iiver to s~id h10RTliAG[E a rencv:al Ihcreof tcx~ethe~ ~vith a rete~pi f•~r th: prernium ol suth re~;ewal; and Ihere shall be no f~ro or windsrorn~ insu.a~xe
' plateJ on any of s~:d Luild~ngs, any intere:t iherefn or part ~herzof, ~rless in ihe forni and wi~h 'tie loia fayat:le as aforesaid; ar.d in the event any ium ~ ~
of ntcne'~ betomes payab!e undrr :uch policy or pol~c~es seid AIQRTGAGEE shell ha~e ~h~ optlo~ to receive and apply tha samc on Accounl o( IS.e indct,ted- - f
ness seareJ hereby or to pcrmit said IdQRTGAGORS to reteiva and use it ar any parl thercof ior other uu:posrt, ti•.;thout th~ra~/ .v.:ivin:~ cr unp-.ir• 1.
ing any equ~~y, lieti or right undrr o~ by virtvc oF lhis mcrtgage; and ir, the evenl sa?J h1QR(GAGORS shail for any re3son fail to kcep Iha sa~d p+emis,s so
= insurrd, or lail to drlive~ premptly any of seid poGcies of insuraixa to said htORTGAGEE, er iail p~ompHy ta ,~ay fu~ty any premium thcretor or in a-+y ~
; re~pect (ait to perForm, d:scharge, execute, e~fed, complata. co:nply wi~h and abide by ~his covenant; ur any ~a~t haae~(, sa~d MG'RTGAGEE m~/ p!ace and
pay for such insurar.ce or ~ny pa~t 1Fereof wiihoul waiving o+ affecfing any option, lien, tqvity, or ric~ht under or Sy virtue af ~his hloregage, and Iht i
! tull amovnl al euh ard every svch payment shall Lc immedlately due and payable ond 3h~=!I bear interesl from thu data thercof ~mil paid a~ the raie ol '
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ninr per c~ntv:n per 3~lr1Vm and to~ather v:ith such i~vrrest shall be secured by tha (ien of this mortga~e.'
4. To permit, commit or suf(er no v.~a3te, irr.pairmenf or d~tarioration of said property or any ~art thereof. ~
5. To p~y a!I and singular the costs, char~ef ard ey{~enses, including a reasonable attorney's iee anJ costs of abstracts oF title, incvrred or paid at
eny t~~ne by s~id MORTGAGfE, because or in the eve~it af the la~lurn on Iht parl of the said MORTGAGOR to duly, pron,ptty anJ iully per€onr,, d~scharge, ~
executa, et(eU, com?tete, co~:~ply with and ab:de by each and every the stipulaiions, agreemems, cond~liuns, and covenants of said prom~story nute m~d th~a
mortgaga any or e~tiier, and saSd cos~s, ch~rges and expanses, each and every, siiall be immediately due and payable; whether o~ not there be not~ce d~
• mand, aite~np~ Io collect ar suit pend~ng; and tha iull ar.iouro oi erch and every such payment shali bea~ interest from the date ~hereof un~il paid a1 thz
rate of nine pcr centum par annum; an~ all said costs, charge~ and expenses incurred or pbid, ~o~ether ~v~~h wch inte~est, shall be secured by the I~e~ o! tti~s .
• mortgage. • ;
6. That (a) in the evcnf of any breath of this Mortc~age or defavtt on ths part of the lAORTGAGOR, or (b) in th~ event any of sa~ci sums of monvy
here~n r~ferred t~ be not prornptly and fufly paid wi~hin th'uty (30) days next after tFe sarne severaily become due and payable, ~vilhout demand or notice,
- _ or t~) ~n thz e~•ent each and eva~y the slipulations, agreements, condrtions and cov~naNS of said promissory r.ote and Ih~s murtgage any ot either are not
- 1u:y, pranptl! and fully performed, d,stnarge~, exetuted, effecled, tompieted, complied with and ahided `~y, then in e~ther or any such event Ihe said ag
; ' gregate sum n;entioned in s~id promissory note then ~emaining unpa~d, with interest accrued, and all moneys secured hereby, shali becume due,and pay- '
abte foithwith, cr lhereaft~r, al ~he oprion of said h10RiGAGEE, as" fully and coniptetely as if all of Ihe,said sums of money were originally 3t~pulated
_ !o be pa:d on such c'~y, anylhing ir 3a;d pro:n;ssory nots or in this hlort~age to Ihe coMrary notwithstar:~ing; and thereupon or th:reafter at the oplion ot
' said h10RTGAGEE, wiil:oct notice or damand, suit at law or in equity, therefore or fherejirer begun, may be prosecuted as if aN moneys secured hereby
had mat~red pnor to its insliwtion. , _
" _ ~ 7. That in the event that at the beginning of or at any time pending any wit upon ihis ~r.ortgage, or to foredose i:, or to refo~m it, or to enforte
payment o! any cla;r~is he:eunder; saia t.50RTGi,GE"c shsll app~y to the Court havir,g ju:+sd.ction th~reof fcr the apF::ialir,ent of a Receiver, such Caurt shal{
forth~tiith appoint 3 receiver o( s~id mortgaged p:operty afl a~d singu~a~, includ,no all and sing~lar the income, profits, issues and reven~es irom whatever
sou~ce derived, cach and every of which, it being expresslv understood, is hereb~ mortgaged as if spsc~fically set forth and desuiLed in the ~ranr;ng and
: habendvm davses hereof, ar.d cuch Receive~ sha!1 have al! the 6,oad and ef(ect:ve f~nu~ons and powers in anyw~se entrusted 'oy a Covrt to a Receiver, and ~
- aucF~ appo~ntmrnt shali be made by svch Court as an adr..itted equity ~nd a matter oi absolute ri9ht b said h10RiGAGEE, and wi;hout reference to the
_ edequaty or inadequacy of the value of the properly mortg~ged or to the sotver.cy or insalvency of said /1lORiCzAL'iOR or the def,;~dants, and that suth -
rems, profi!s, income, issue: and redenues shalf ba appl~ed by such Recriver a:curd~ng to th_ li~~ ~r equity of said h4~RTGAGEE and thz practice of su:h
Court. ~ ~ _ ~
8. To dufy, pro:nptly and fulfy perfo:m, discharye, execute, affrcr, complete, comply vJith an.' abide by each and every the stioulatiuns, agreements,
- conditions and covenants in sa~d promi:sory r.o!e a~~d this rnortgage set forth. _ `
l 9. That in thc eve:~t the ovmershlp of tiic martgaacd premzsrs, or any part there~f, 6ecomes vested in a person other than fne 1.50RTGAGOR, the ~
~dORTGAGEF, irs s~,ccessors and assigns, may, wi~t~:,ut ae~:ce to the 1F,ORTGA:'iR, deal w~th such successor cr successor ~r. interest with reference to thls
_ rnortgegr and tF.e debt hereby secured in the same mar,ner as .vi~h .io,tgagor w~th~ut in any way vit~atir,g or discharg+ng the lAortgyouri liability here-
under or ~pon the debt hereby secured. ~~to sate oi the premises hcrPby mortgagect and no for~earance on the pa:~ of th? /AURTGAGcc or its successors
or assigns and no exren~~an of the time for the paymem of the debf hereby secured given by tFe ~.10RiGAGEE or its svccessors er ass:gns, ai~all operate
to release, d;scharge, modify change or affeu the origlnal GabiGty ef the l.10RTGAGOR herein, either in ~vnote or in part.
1C. It is spec~flcally agreed that ti~ne is of the esser.ce oi this c~rtrau and that no Hroiver "of any o5tigation hereunder or of ihe o5ligation se-
svred hereby,shafl at any time th~reafter be h~id to be a waiver of !he terms hereof or of fMe instrumeM sewred herby.
l~_ !n tdd~tio~ to the forego'ng monthly payrr:^NS of princpal and intetest required by the promiscery note Setured h_reby, mortgagot [ovenants
_ and agrees to pay to n,o;tgagee v.itF: each ~r~onth':y. pay~ :e~~t en adci~r.onai sum estimated by mortyagee to be eq~al to 1 j 12 of the annva~ c~st of the follo•x-
ing: - -
A-AiI real property tax~s le•~ied cr ass^ssrd agsi•~st the above desui~ed reat estate. ~
8-Prerr.~u,as on iire and v~indsto-m insurance as helcin •cyu:red to be ca~ried en the improveme~ts rtuat~ or, the abave d_scribed premises.
C-Fremiums o~ such mortgrge guaranty ir.surar,ce as monga~ee shall tro~n t:me to time dtem fit to tarry on the loan secured ii?reLy_ -
- Mortgagee shall !rorn time to t:me otify m~rigagor in •~nrritiny of the amount due and payable heteunder and such su:n sl~ail thereupon be due and
payable cn the due dale of th4 rext mo~±h!y paym~nt a~d eath svccessive month tnereattet urlil morfgaaee shall notify mortaagot of a thange in w:h
amo;;ni. Svch sums s~aii be spptied by mortgagee toviard the aayment of real property taxes, ir-sur~ir,ce_ prem:ums, a~~~ mcrtgage guaranty inwrance
- premiums. • - - - '
IY Y/ITN[ ~YlHEREqF, t said lt0 GAGOR has hereunto set h~s hand and seat the day and year first aforesaid. ,
_ Sign ~e ~iv ed iu th res .ce of: - r~
~ - FIIEC, ;x~ ~ECURt~ED ~,y,ys,c.,._ 'fZ. ~t~s~C~
. [c.~:Gr ~ ' ~ 57.lUClt l.-.±l!lJ~Y 'lA. . !Se~;)
- - r Thomas N, Zades
- - Ri;G~~` ~~'=RAS - (.:a?)
- ~ ClER1~ ~='~.~'J!s COI;FT ~
' -(Sea!)
- R~CC'^~, ~"`-~r::_^ - DO O~2S B. _ dde3 Seal -
_ ( )
' STATE G'r FLORiDA - t~'t ' iO 21 ~H' I J•
COllNTY Of- St s I.UC1@ j ~ ~
8efore me persanally appeared _ TI10IL~13 i~• ~.C~QS _ _ _ _ and
~ ~O~OrQ~_~. Za~~~ his v-i!e, to me v:ell known ar.d known to me t~ be
- the ind~vidoais desa~bed in and ~vho executed th~ ioreqoing instrument, and acknow:edged before me that they executed tn~ s3me tor the p~rposes
therein expressed. An~ the sa:d_ ~IOYeS B• Zades _
wife of the said _ ThOI~6 N• ~de3 upon a seoarate and private
= exam~nation by me taken separate and apart from her said husband, acknowledged to and before me that ihe executed said instrument freely and volu~- -
tarily ar,d w~thout any compu;sion, constraint, apprehens:on, or fear of or fr;~m her said husband. 7"~y _
I` s WITNESS ny hand and oificir.l seal this ~'s~~ of May`~- -~.'f' ~ A. D. 192~~
r. Y"ll~i i A-. L ~
- _ _ Notary Public ' a for the State of Florida a1 Large
- - My Cammission expires:
1 Rerum To: - . ~~~}ory~Poti~'e, St~te ~f Flor;da af targe ~ .
first Federa~ Savings 8 loan Pssociat~on - t:;= L~-,r:es~cn ~xa:-.s Su~~ 197;
O( Fort P:e:te. '
- ['::.;IaJ : ~ .S.n:tr.s~•i f;r~ t- C..sv~c }
Fort Pierce, Florida, _
i - . - . - ~ ~ _ - ~ .
, ~ - _ - _ ~ . t , .
This Ir~strument Prepared By S, Hraun ' ' r:; "
First i~edera) Savings & Loan Association : _ ~ ,
,
- • of Fort Pierce s Flo~ida 33450 , - ~
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~ Cnecked 3y - - " ~~OK iAGE ~~V ' - s.:.. ~ ,
L~_ ~ ~ • U R • - i ~ ' ~ G r ~
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